Nov 17, 2012 11:00am PST
at the white house on friday, along with house minority leader nancy pelosi and senate majority leader harry reid and minority leader senator mitch mcconnell. jeff, it seems like the media are poised to blame republicans if the deal falls apart. >> if you look at the polling, over half the country believes it's the g.o.p.'s fault if this deal falls apart. why that? the democrats and the president himself have done an effective job of essentially trashing republicans saying that this whole, the reason that there's a, you know, there isn't a deal in the first place, because it's their fault and that's not true. it's both parties that did this and the president particularly not showing leadership and kicking the can down the road and creating a super committee. the media is not covering this correctly at all. reporting that the president want a deficit package. 1 trillion from tending the war and that's going to happen and another trillion from spending cuts in the past so they are he completely ignoring that and again, it's not spending cuts that the president is going to agree to in the end.
Nov 16, 2012 4:00pm PST
minority leader nancy pelosi said no one at this meeting broached any specific numbers for the overall deal. >> i think it would be good if we did something in a $4 trillion category of deficit reduction, which is similar to the grand bargain that was discussed last year and so that would be a standard that i would have, but i don't want to give you the impression that that was the goal. maybe we could do more. >> senate minority leader mitch mcconnell said the republicans are willing to look at enhanced revenue collection, but only if what he called the real problem, entitlement spending, is also on the table. >> harris: james, we did get our first indications of the timetable for a possible deal today. >> that's true. the congressional leaders said their aim is to try to get to the president's desk some outline of a deal by the week after thanksgiving. >> i outlined a framework of the deal with reforming our tax code and reforming our spending. and i believe that the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balanced approach.
Nov 17, 2012 8:30am PST
. everything is going to be affected by this and we've been saying it since the canaan -- nancy pelosi said she had to read the darn thing. >> i know your criticism is they didn't read it before they passed it, but one of the big criticisms here is that there was no cost control in the law, so here we are. >> well, it's going to be that way. health care costs are rising everywhere. it's a universal problem. the thing is the people are going to try to find ways to get around this in the sense that it's going to cost them more and if they can find ways, they'll do it. you got 2200 pages of regulation that you're right, nobody has read. the people who administratorring it haven't read it. they're beginning to read it. we don't know what the ultimate cost is going to be. they're going to be taxes that come out of this, all kinds of other things that happen. in the meantime, if you hire over -- this is what is considered a small business -- if there are 50 people or less, you are subject to one thing. if you're hiring more than 50 people, you are subject to something else. if those people work 30 ho
Nov 17, 2012 7:00am PST
when you saw nancy pelosi out there. you saw john boehner out there saying we are hopeful we can get a deal done. and the market had a positive reaction to that. yet it lost that upside throughout the day, teetered back and forth between positive and negative territory. finally, closing the day out positive, so perhaps that suggests that maybe we are a little bit closer. but here's the thing, randi, they've got to get something done. they've got to solve this issue. because if not, the consequences are severe. >> but you listen to some people, and they suggest that fears of fallen off the cliff are overblown. what are the real consequences here? >> the real consequences are another recession. i mean, i can tell you every ceo that i'm talking to right now says i'm not making major decisions. i'm waiting. i'm standing by the sidelines. i can't hire a lot of people, i can't invest in a lot of infrastructure because i don't know what the landscape is going to be in the next 45 days. i don't know what the landscape is going to be in the next three months. so there's a lot of holdup. now,
Nov 17, 2012 7:00am EST
. republicans do not want to lose their jobs. host: nancy pelosi announcing she will return as the house minority leader, one of the ones at the white house just today that you probably saw. also talking with reporters after the meeting. here she talks about her focus that she had going into the meeting. [video clip] >> the speaker spoke about a framework going into next year. i was focusing on how to send a message of confidence to consumers in the markets in the short term to. we should have a goal in terms of how much deficit reduction we should have. we should have a deadline before christmas. we should scare some milestones of success so confidence can build as we reach our solutions. if we do not reach an agreement, not only will we miss an opportunity to lift the spirits and confidence in our country, we will have an economic downturn that must be avoided. we understand our responsibility there. we understand it has to be about cuts and revenue. it has to be about growth. it has to be about the future. as we cut investments and as we talk about revenue, we have to do so in a way t
Nov 17, 2012 5:00am PST
revenue is on the table. which means in order for it to pass, nancy pelosi has to come over and knock on your door. what are your red lines on this? >> i suppose i'll have a number of red lines. number one, not a nickel in reductions and cost of living increases, social security, not a nickel in reductions to benefits to medicare and medicaid. those are probably the most primary red lines. then i would want to see -- >> that's interesting. >> i would want to see -- where you draw the red line, i don't know. i don't want to see more cuts in discretionary spending, i don't want to see increases to the military. i don't want to see revenue -- revenues, so-called, that will impact the middle class, like eliminating state and local taxes. that's a very important one. some of the proposals that are on the table now, they came from romney. they came from democrats saying great idea. let's cap deductions at 35,000 or $40,000. that will, in a high tax rate like you are, that will really almost eliminate to a large extent, deductibility, state and local taxes. which, in turn, will put more pres
Nov 17, 2012 3:00am PST
for talks to avoid the so-called fiscal cliff. house minority leader nancy pelosi says no tax hike, no deal. >> close lop holes far too little money. and it could be they have said they want it to be revenue neutral. if it's going to bring in revenue. the president has clear that the higher income people have to pay their fair share. >> republicans argue now ♪ time to raise taxes on anyone if lawmakers don't reach a deal, hundreds of billions of dollars in tax increases and spending cuts go into effect january 1st. >> in new york, it apparently pays to be dead. you heard me. audit of the state's medicaid program from march of 2006, to february 2011, found that $1.9 million was coughed up for hundreds of people that were no longer alive. one person received more than $25,000 a year for seven years after he had died. that's a good business. in all, the audit found about $26.8 million in improper payments made by the program. people all over the country expressing their anger for obama care with their love of pizza. the group rebooting america organizing pappa johns appreciation day. that so